And simplifies application process for issuance of the IEC number
The new system relies on a much simpler form and an optional on-line application module for issuance of IEC No.
An applicant may now choose one of the two options for application submission:
1. File an online application and submit a physical copy of the application by taking a printout of the online application.
2. Submit a physical copy of the application directly at the regional DGFT office.
The process
i) Applicants can file an on-line application at the DGFT web-site http://dgft.gov.in. On-line form has been designed to ensure feeding of all the required information by prompting user wherever a field is left blank. Applicant has to submit scanned copies of PAN and bank certificate along with their application.
ii) There are 2 options for payment of fee. (A)If fee is paid by Demand Draft, IEC will be generated only after receipt of the physical copy of the application. (B) If IEC application fee is paid through Electronic Fund Transfer facility, IEC number will be generated by the licensing office automatically and the number can be viewed online by the applicant.
iii) On the receipt of physical copy of the application, the same IEC will be printed in 24 hours time and dispatched to the firm.
Policy Circular No. Dated: 27th July, 2006